M&A Deal Summary

Eddie Stobart Acquires TPN

On July 4, 2018, Eddie Stobart acquired transportation company TPN from Lloyds TSB Development Capital for 53M GBP

Acquisition Highlights
  • This is Eddie Stobart’s 1st transaction in the Transportation sector.
  • This is Eddie Stobart’s 0th largest (disclosed) transaction.
  • This is Eddie Stobart’s 1st transaction in the United Kingdom.

M&A Deal Summary
Date 2018-07-04
Target TPN
Sector Transportation
Buyer(s) Eddie Stobart
Sellers(s) Lloyds TSB Development Capital
Deal Type Add-on Acquisition
Deal Value 53M GBP

Target

TPN

Sutton Coldfield, United Kingdom
TPN is a palletised freight distribution network. Each of the Partner companies collects and delivers freight within their allocated postcode areas. This means that pallets can be collected from all over the country, taken to the most appropriate of our three Hubs, and cross docked to their destination vehicle. TPN was founded in 2000 and is based in Sutton Coldfield, United Kingdom.

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Buyer(S) 1

Buyer

Eddie Stobart

Cheshire, United Kingdom
Category Company
Founded 1960
Sector Transportation
DESCRIPTION

Eddie Stobart is a supply chain, transport, and logistics business providing industry major services to many of the UK’s best-known brands, within four core sectors of Consumer; E-commerce; Retail; and Manufacturing, Industrial and Bulk. Eddie Stobart was founded in 1960 and is based in Cheshire, United Kingdom.

DEAL STATS #
Overall 1 of 1
Sector (Transportation) 1 of 1
Type (Add-on Acquisition) 1 of 1
Country (United Kingdom) 1 of 1
Year (2018) 1 of 1

Seller(S) 1

SELLER

Lloyds TSB Development Capital

London, United Kingdom

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1981
PE ASSETS 2.0B USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Lloyds TSB Development Capital Ltd (LDC) is the private equity arm of Lloyds Banking Group Plc and invests in mid-market companies throughout the UK. LDC seeks high growth businesses with at least two years of profitability (greater than £1 million). The Firm looks to commit £2 to £100 million in companies generating at least £5 million in revenue. Areas of interest include cleantech/environmental, construction/property, financial services, healthcare, industrials, retail/consumer, support services, TMT and travel/leisure. Prospective transaction types includes acquisition financings, development capital, equity release, MBOs, MBIs, mergers, private placements, and secondary buy-outs. Lloyds TSB Development Capital Ltd was formed in 1981 and is based in London.

DEAL STATS #
Overall 128 of 192
Sector (Transportation) 3 of 5
Type (Add-on Acquisition) 64 of 92
Country (United Kingdom) 123 of 186
Year (2018) 7 of 13
Size (of disclosed) 35 of 61
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-07-02 Martin Audio

High Wycombe, United Kingdom

Martin Audio Ltd. is a designer, manufacturer and distributor of loud-speaker systems for the touring and installed markets (such as theatres, stadia, cinemas, bars, and nightclubs) on a worldwide basis. Martin Audio Ltd. was founded in 1971 and is based in High Wycombe, United Kingdom.

Buy £12M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-08-02 Neilson Active Holidays

Brighton, United Kingdom

Neilson Active Holidays is a provider of overseas active holidays. Neilson offers ski and snowboard in Europe, the United States, and Canada; active holidays; clubs; yachting in Greece and Croatia; and the United Kingdom sailing services. Neilson Active Holidays was founded in 1994 and is based in Brighton, United Kingdom.

Buy -
Mergr

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